About the Society
Arkansas Society of CPAs (ARCPA) is an active professional organization of CPAs working together to improve the profession and serve the public interest.
With over 100 years of service to the accounting profession, the mission of ARCPA is to act on behalf of its members and to provide support in enabling its members to perform quality professional services.
Fraud Basics: Protecting the Company Till
Ethical Considerations for CPAs
Securing a Comfortable Retirement
Select Estate and Life Planning Issues for the Middle-Income Client
IRS: Arkansas storm victims qualify for tax relief; April 18 deadline, other dates extended to July 31
Arkansas storm victims now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments. The Internal Revenue Service announced this news on April 3, 2023. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) as a result of tornadoes and severe storms that occurred on March 31. This means that individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties qualify for tax relief. Other areas added later to the disaster area will also qualify for the same relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov. The tax relief postpones various tax filing and payment deadlines that occurred starting on March 31, 2023. As a result, affected individuals and businesses will have until July 31, 2023, to file returns and pay any taxes that were originally due during this period.
Posted on April 3, 2023
AR Survivors Affected by Severe Storms and Tornadoes Can Apply for FEMA Assistance
Release # DR-4698-AR NR-001 Release Date: April 2, 2023 Arkansas homeowners and renters in three counties who sustained damage from the severe storms and tornadoes that occurred on March 31 could be eligible for help from FEMA. The designated counties for FEMA Individual Assistance are Cross, Lonoke, and Pulaski. The fastest and easiest way to apply for assistance is by visiting www.disasterassistance.gov. If it is not possible to apply online, call 800-621-3362. The toll-free telephone lines operate from 6 a.m. to 10 p.m. CDT seven days a week. If you use video relay service (VRS), captioned telephone service or others, give FEMA your number for that service.
Posted on April 2, 2023